Is This 5.5% Yielding Dividend Grower the Ultimate Income Stock? [Yahoo! Finance]
Philip Morris International Inc (PM)
Last philip morris international inc earnings: 4/21 06:59 am
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US:NYSE Investor Relations:
pmi.com/investor-relations/overview
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Source: Yahoo! Finance
This has been an issue for over a century, which is why people and governments are consistently working to reduce smoking levels among the global population. But what if I told you the largest driver of cigarette reduction today is one of the world's largest tobacco companies? Enter Phillip Morris International (NYSE: PM) . That's right, over the last decade-plus the global tobacco giant has invested billions and successfully pivoted its business away from cigarettes to "safer" nicotine products. Even though it has embraced these fast-growing nicotine products, its stock still trades at a cheap earnings multiple and has a strong dividend yielding over 5.5%. Investors are likely still valuing it as a tobacco stock, a sector that is considered to be in secular decline. Here's why this misunderstood nicotine giant can be a fantastic income grower for your stock portfolio. Moving beyond cigarettes The best way to reduce cigarette usage is to introduce safer nicotine alternatives.
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News
- Analysis-Philip Morris faces key test with US heated tobacco push [Yahoo! Finance]Yahoo! Finance
- Philip Morris Stock Has 24% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
- In 4 Days, Philip Morris Stock Becomes an Even Better Investment [Yahoo! Finance]Yahoo! Finance
- Philip Morris (PM) International Revenue in Focus: Trends and Expectations [Yahoo! Finance]Yahoo! Finance
- Philip Morris Beats Estimates in Q1 Earnings: ETFs in Focus [Yahoo! Finance]Yahoo! Finance
PM
Earnings
- 4/23/24 - Beat
PM
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 144
- PM's page on the SEC website